International students, get ready for a change! If you're planning to study in Germany, you'll need to save up a bit more. The German government has raised the minimum amount required for a blocked account, making it a little pricier to enjoy your stay.
What's the New Requirement?
Starting September 2024, the amount you need in your Sperrkonto (blocked account) will increase from €11,208 to €11,904 per year. That's an additional €696 you’ll need to have before you can start your academic journey in Germany. For more details, check out the official notice here.
Why the Increase?
The cost of living in Germany has been rising, and the government wants to ensure international students have enough funds to cover their expenses, including rent, food, and other necessities.
Impact on Students
Budgeting Challenges: Students may need to be more frugal, potentially leading to more budget-friendly meal options and shopping at discount stores.
Visa Complications: The blocked account is a vital part of the visa process. Without proof of sufficient funds, obtaining a visa could become more challenging.
Part-Time Jobs: Many students might need to work part-time to supplement their living expenses. This can provide additional income for enjoying life in Germany.
Stay Positive: There Are Solutions!
Scholarships and Financial Aid: Explore scholarships and financial aid options that can help cover your study costs.
Frugal Living: Embrace a budget-friendly lifestyle and find creative ways to save on essentials like food, transportation, and entertainment.
Community Support: Connect with other international students to share tips on budgeting and finding affordable housing.
While the increase in the blocked account requirement may be a hurdle, it's not insurmountable. With careful planning and a bit of creativity, you can still achieve your dream of studying in Germany. So, start preparing, brush up on your German, and get ready for an incredible adventure!
